Cannabis merchants are always looking for new and innovative ways to streamline operations and run their businesses efficiently. One great way to do this is by using a secure online payment platform like PayHQ, a robust end-to-end payment acceptance solution that handles credit and debit card authorization, settlement and funding, while enabling merchants with many ways to accept payments.
The PayHQ platform allows you to accept any kind of payment and see all of your payment information in one place so that you can make smarter decisions about your business. It makes it simple for you to accept payments online or in person and gives you a single view of all your payment information so that you can see what's working and what's not.
In this blog post, we’ll discuss five creative ways to use PayHQ for your cannabis business.
What Is PayHQ?
PayHQ is a secure online payment platform that enables businesses to accept and process credit card, debit card, and EFT payments. PayHQ is PCI-compliant and offers features such as fraud detection, recurring billing, and transaction reports.
What Are Some of The Benefits of PayHQ?
● One-Click Navigation: The PayHQ platform is designed with one-click navigation in mind. PayHQ has a menu on the left-hand side of the screen that provides one-click access to any feature from anywhere in the platform. No matter where you are on the site, you can always access any feature with just one click.
This makes it quick and easy to access information for all your transactions in one, single source: paid, unpaid, mobile, web, ecommerce, recurring, invoicing, overdue payments, total sales and declined payment data.
● Enhanced Analytics: The charts in the PayHQ dashboard have been split to provide more detailed reporting for you to have an easy way to analyze how your business is growing and accepting payments.
Another feature of the PayHQ dashboard is a customer leaderboard. The customer leaderboard helps you know how your business is trending and which customer is helping your business trend.
● Easier Use: PayHQ has a simple design which allows you to easily customize data tables, staff permissions, and account settings to fit your unique business.
● Many Ways To Accept Payments: Having several payment methods is important for any business. PayHQ features access to several payment tools including web terminal eCommerce, API recurring billing, digital invoicing integrations, mobile app traditional terminals, and Mobile Card Readers.
5 Creative Ways to Use PayHQ for your Cannabis Business
1. Make Vendor Payments
Timely payments to your vendors are essential to maintaining a good relationship. But writing and mailing checks can be time-consuming, and it's easy to forget to include the correct paperwork. PayHQ offers a simple, convenient solution that lets you pay your vendors quickly and easily without the hassle of paper checks.
With PayHQ, you can make payments in just a few clicks. Plus, the automated system ensures that all the necessary paperwork is included. So you can rest assured that your vendors will be paid on time.
2. Accept Payments
Staying up to date with the latest payment processing technology is essential for any business that wants to remain competitive. Whether your customers want to pay with debit, credit, bitcoin, or a mobile wallet, you need to be able to respond quickly to their needs.
With PayHQ, you’ll have access to a full suite of payment tools, including the web terminal, eCommerce API, B2B EFT payments, recurring billing, digital invoicing, integrations, and mobile app. With all of these tools at your disposal, you’ll be able to streamline your payment process and provide a better overall experience for your customers.
3. Accept One-Time or Recurring Bills
As a cannabis business owner, you know that there are a lot of bills to keep track of. With PayHQ, you can set up customer payment plans and recurring billing programs to automate repeat payments and reduce the workload of manual billing.
4. Get Transaction Reports
As a business owner, staying on top of your transactions and having complete visibility into your sales data is important. With PayHQ, you can do just that. The platform provides robust reporting for all of your transactions in one single source. This includes information on paid, unpaid, mobile, web, ecommerce, recurring, invoicing, overdue payments, total sales and declined payment data. With this information, you can quickly and easily see how your business is performing and identify any areas of improvement.
5. Create Multiple User Accounts For Your Employees
PayHQ allows you to create multiple user accounts and assign roles to your team members to control who has access to what information. You can also filter your transactions report by salesperson, so you can easily see how each team member performs. This is a great way to manage and reward your team for their hard work.
Final Thoughts
PayHQ is the perfect platform for cannabis businesses that are looking to manage their finances and businesses more efficiently. PayHQ has a user-friendly interface and a wide range of features which makes it easy to make vendor payments, accept various payment methods and manage your employees. With PayHQ, you can easily take your business to the next level by streamlining your payments and giving customers a better payment experience.
How Can Merrco Help?
Merrco offers payment processing solutions to cannabis, CBD, and regulated businesses in Canada and the US. We provide a simple, streamlined payment processing experience that is perfect for businesses. If you have any questions or would like to partner with us, contact us at info@merrco.com or call our toll-free line at 1-800-957-0534.
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